The cost of flood insurance for thousands of properties in unincorporated Boulder County is going down for the next 5 years. For homeowners within the 100 year floodplain, the average savings will be $470 per year.
“Boulder County is part of the National Flood Insurance Program and part of that is the community rating system,” said Stacey Proctor, a project manager for Boulder County’s Transportation Department.
Boulder County has been part of the CRS rating program since the early 90s. Proctor said the program “incentivizes communities to go above and beyond the minimum requirements,” getting them to look at flood plains comprehensively. Community flood insurance rates are set based on the CRS rating, which communities can improve in a variety of ways. As long as the county can keep it's current rating during an annual review, the insurance rates will be disounted.